US Mint Raises Bullion 2010 American Silver Eagle Prices

The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 [...]

New Bill Would Authorize Uncirculated and Proof Silver Eagle Coins

The United States Congress could help the United States Mint strike 2010 American Eagle Silver Proof Coins and 2010 American Eagle Silver Uncirculated Coins. One part of a multifaceted bill recently introduced in the U.S. House of Representatives authorizes the U.S. Mint to produce the collector versions of the Silver Eagles even if that cut into the supply [...]

US Mint Sales: Silver Coins Hot, Bullion Silver Eagles Top 25M

Silver has definitely been receiving attention, and it showed in the most recent United States Mint sales figures. Every numismatic product was higher, beating the prior week’s gains for a second straight time. Bullion silver coins on the other hand cooled, but only a tad. Even the 2010 Silver Proof Set outpaced its last impressive [...]

American Palladium Eagle Coin Legislation Stipulates Mercury Dime Design

A new bill introduced this week in Congress calls for the production of American Palladium Eagle coins that bear high-relief designs created by American sculptor Adolph A. Weinman. House Resolution 6166, or the American Eagle Palladium Bullion Coin Act of 2010, would add bullion and collector Palladium Eagle coins to the U.S. Mint’s American Eagle [...]

Silver Closes Week at Highest Price, Tops $21

U.S. silver prices surged for a second straight week, jumping ahead 58.3 cents from last Friday and topping $21 an ounce for a fresh 30-year high. Aside from a dip on Tuesday, daily closing prices increased through to Friday. Silver for December delivery ended at $21.399 an ounce on the Comex in New York, marking [...]

US Mint Sales: Silver Proof Sets Spike, Eagle Coins Take Off

Buyers were all over bullion and numismatic silver products this past week, as sales spiked in the latest round of United States Mint data figures. Four of the items more than doubled their prior week’s gains. The popular 2010 Silver Proof Set was on fire. Its weekly sales had been slowing consistently since its release [...]

Legislation Seeks Coin and Precious Metals Dealer Regulations

A newly introduced House Resolution would add new dealer regulations when selling coins composed of gold, silver and other precious metals. Proposed by Rep. Anthony Weiner (D-NY) on September 16, 2010, the Coin and Precious Metal Disclosure Act (HR 6149) seeks to "require disclosures to consumers by coin and precious metal bullion dealers." Congressman Weiner [...]

2011 Silver Wolf Coin Begins Canadian Wildlife Series

The first silver bullion issue in a new three-year Canadian Wildlife coin series was launched this month by the Royal Canadian Mint. The 2011 Silver Wolf coin debuted on September 9, 2010. The investment grade one-ounce .9999 fine silver bullion coin features a unique design, limited 1,000,000 mintage and a $5 face value. It is [...]

Silver Prices Soar to 30-Year High

Silver soared this week and closed at its best price in three decades. U.S. silver prices climbed with each succeeding day this week, with the highest intraday level coming in at above $21 an ounce on Friday. Prices reached an intraday low of below $20 an ounce just once, and that was on Monday. On [...]

US Mint Sales: Silver Eagles Remain Slow, Silver Proof Sets Near 300K

Overall, United States Mint silver product sales backed off, but much of it had to do with the popular 2010 Silver Proof Set that was released last month. Sales always start out fast and then slow down for new issues. Two silver products were able to outperform previous gains, according to the latest round of [...]

2010 Silver Eagle Coin Rationing Ends

The United States Mint stopped rationing bullion 2010 Silver Eagle coins on September 3, 2010. "Effective immediately, the United States Mint is lifting the allocation process for American Eagle one ounce silver bullion coins," the U.S. Mint told authorized buyers in a memorandum. "You may place your orders under the standard ordering procedures. The ordering [...]

Silver Has First Weekly Decline in Three Weeks

U.S. Silver prices edged lower this week, breaking a string of two weekly gains and falling from a more than two year high above $20 an ounce. The metal started the week with near 50 cent daily swings, although closing prices were narrowed. Silver peaked on Wednesday when it touched $20.180 — the highest level [...]

US Mint Sales: August 2010 Silver Bullion Coins Fall

Perhaps what has helped United States Mint’s silver coins is the increasing attention to silver which has been seeing huge price gains. Coin sets were wildly popular in the latest round of US Mint sales figures, and bullion coins continue to push onward — although August sales retreated from July levels and September is starting [...]

US Mint Silver Eagle Sales Nearing Domestic Silver Production

In Title 31 of the US Code, the United States Mint is required by law to supply “in quantities sufficient to meet public demand, one dollar silver bullion coins of specified size, weight, and design.” (Source) This law is widely referenced, and I have criticized the US Mint in the past when it fails to [...]

2010 Proof Silver Eagles Remain Uncertain, Proof Gold Eagle Coins Coming

The United States Mint will be selling at least one of its staple proof products this year, the 2010 Proof American Gold Eagle. However, the status of the 2010 Proof American Silver Eagle is still uncertain, according to the latest eagle production news from the United States Mint. The U.S. Mint confirmed on Tuesday that [...]

Silver Soars to $19.95, Hits Highest Price Since 2008

U.S. silver prices on Friday closed at their highest level since March 2008, capping two straight weeks of gains. The metal soared 4.8% this week in New York after surging 5.8% last week. Silver as "the poor man’s gold" easily outperformed the yellow metal. In fact, the gold to silver ratio is at the lowest [...]

2011 Koala Silver Coins

The Perth Mint of Australia will release next year’s bullion 2011 Koala Silver Coins beginning on October 4, 2010. The 99.9% pure silver coins feature a new design depicting the koala, one of Australia’s most popular animals. The Australian Koala Bullion Silver Coin series was first introduced in 2007, and has been a popular offering [...]